Banking and Financial Institutions Act 1989 · s 47

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 47

A licensed institution shall not hold any interest in the shares—

(a)

where it is a licensed bank, of another licensed bank established in Malaysia, or of a subsidiary of another licensed institution which is not related to it;

(b)

where it is a licensed finance company, a licensed discount house or a licensed moneybroker, of another licensed institution, or of a subsidiary of another licensed institution which is not related to it; or

(c)

where it is a licensed merchant bank, of another licensed bank or licensed merchant bank established in Malaysia, or of a subsidiary of another licensed institution which is not related to it, except where the Minister, on the recommendation of the Bank, otherwise approves.